Smart Pulse Oximeters Market Overview:

The global smart pulse oximeters market is projected to reach $1,268 million by 2022, registering a CAGR of 7.2% from 2016 to 2022. The demand for smart pulse oximeters is expected to increase globally during the forecast period due to rise in incidence of chronic diseases coupled with rapid increase in geriatric population. However, factors such as lack of awareness in the developing regions is anticipated to hamper the market growth. Moreover, increase in healthcare expenditure in emerging economies and high demand for proactive monitoring are expected to unleash new opportunities for market players.

The smart pulse oximeters market is segmented based on product type, and geography. Based on product type, the market is categorized into fingertip, hand-held, wrist-worn, and pediatric pulse oximeters. The product type is further segmented based on end users (hospitals & clinics, ambulatory surgical centers (ASCs), and home environment). The market is analyzed based on four geographical regions, which include North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, Malaysia, and rest of Asia-Pacific), and LAMEA (Brazil, Middle East, Africa, and rest of LAMEA).

Prominent players in the smart pulse oximeters market adopt product development strategy to improve their product portfolio. For instance, Nonin Medical, Inc. launched Apple iOS-compatible NoninConnect Elite Model 3240 Bluetooth Smart Wireless Finger Pulse Oximeter, globally. This oximeter is used to treat respiratory conditions such as COPD by measuring the arterial blood oxygen saturation and pulse rate. This helped the company to expand its product offerings for respiratory disorders such as COPD and CHF.

Smart pulse oximeters are used in the diagnosis and management of chronic respiratory illness, such as chronic obstructive pulmonary disease (COPD), cardiopulmonary disease, and acute severe chest pain.

Asia-Pacific offers lucrative opportunities for players operating in the smart pulse oximeters market due to its high population base, increase in disposable incomes, and improvement in patient awareness about smart pulse oximeters.

Key Benefits for Stakeholders

This report provides an extensive analysis of the current and emerging market trends and dynamics in the global smart pulse oximeters market.

Comprehensive analysis of all geographic regions is provided to determine the prevailing opportunities across the geographies.

This report entails the detailed quantitative analysis of the current market and estimations from 2014 to 2022 to identify the prevailing opportunities.

Comprehensive analysis of factors that drive and restrict the market growth is provided in the report.

Region- and country-wise pulse oximeters market conditions are comprehensively analyzed in the report.

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The smart pulse oximeters market has witnessed rapid growth in the recent years, owing to the factors such as rise in incidence of chronic respiratory diseases and increase in awareness about the development of smart pulse oximeters for personal use. The smart pulse oximeters market has drawn the interest of healthcare professionals, as they help determine the severity of diseases at an early stage. Furthermore, increase in geriatric population and rise in use of devices to measure the oxygen saturation levels in patients, are expected to drive the smart pulse oximeters market. However, lack of awareness about these devices in the developing economies is expected to hamper the market growth.